5 Companies in The Limelight After Releasing Their Financial Results

2. PVH Corp. (NYSE:PVH)

Number of Hedge Fund Holders: 38

Shares of PVH Corp. (NYSE:PVH) fell for two consecutive trading sessions after the release of the clothing retailer’s fiscal fourth-quarter results on Tuesday. The clothing company earned $2.84 per share, compared to a loss of $0.38 per share in the year-ago period.

In addition, PVH Corp. (NYSE:PVH) posted revenue of $2.43 billion, up from $2.09 billion in the linked period of 2020. The results were better than analysts’ average estimate of $2.00 per share for earnings and $2.38 billion for revenue.

Moving forward, PVH Corp. (NYSE:PVH) expects its fiscal first-quarter revenue to be relatively flat versus the comparable period of 2021. For fiscal 2022, the company projected revenue growth of 2 – 3% on a year-over-year basis.

Speaking on the results, CEO Stefan Larsson said:

“As we look ahead, we are confident in the strength and momentum in our business and our ability to drive strong underlying top and bottom line growth by leaning in to what is within our control, despite the significantly increased macroeconomic and geopolitical volatility over the last few months, including the war in Ukraine, the impact of the global pandemic, and the inflationary pressures we see across our regions.”